Willie Breedt, the alleged bitcoin and cryptocurrency scammer, has been declared bankrupt, according to a report by News 24.
Earlier it was reported that around 2 000 investors in Breedts defunct company, VaultAge Solutions (VS), stand to lose around R227 million after promises by Breedt to pay out their investments and growth were not honoured.
The Most Diverse Audience to Date at FMLS 2020 Where Finance Meets Innovation
According to the news source, one of the biggest investors, who entrusted R7.5 million to Breedt, Simon Dix from Hilton, KwaZulu-Natal, successfully applied for a sequestration order against Breedt on Friday.
The Gauteng High Court in Pretoria granted the order to Dix.
In January this year, Breedt moved from Krug…
Read the full article at: https://www.financemagnates.com/cryptocurrency/former-crypto-firm-ceo-willie-breedt-declared-bankrupt/